Polvadera, NM is a small town located in the southwestern part of New Mexico. It is home to several local businesses such as Polvadera Food Market, Polvadera Auto Parts and Hardware, and Snyder's Furniture. The cost of living in Polvadera is cheaper than the US average with 2 bedroom rent averaging $770 and a grocery cost index at 89 versus 100 in the US. The local economy thrives as people have easy access to basic amenities like food markets, car parts stores, and furniture stores. Additionally, there are many job opportunities in this area due to its proximity to larger cities like Las Cruces or El Paso, TX.
Polvadera has an unemployment rate of 6.6%. The US average is 6.0%.
Polvadera has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 27.2%, which is lower than the US average of 33.5%.
Tax Rates for Polvadera
- The Sales Tax Rate for Polvadera is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Polvadera is 4.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Polvadera
- The average income of a Polvadera resident is $4,946 a year. The US average is $28,555 a year.
- The Median household income of a Polvadera resident is $24,449 a year. The US average is $69,021 a year.